A monopolist's cost function yields constant average and marginal costs, with AC MC 6. The firm faces a market demand curve given by P 56- Q, which implies that the marginal revenue curve (derived using calculus) is MR = 56-2Q. Set MR MC and solve for the monopolist's profit maximizing output. This output is Q and the associated llustrate your answers by drawing a diagram on a piece of paper. price is P= The monopolists profit equals

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